Check Availability

1005-1009 5th Avenue

1005-1009 5th Avenue, Rock Falls, IL 61071
Property in Coloma
Local assessors in Rock Falls, IL have categorized 1005-1009 5th Avenue as a commercial type of property. The property's lot size has been calculated to be 84,793 square feet.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1005-1009 5th Avenue was last sold in Sep 27, 2022 for $1,460,000. Prior to that sales transaction, the property was sold for $850,000 in Apr 17, 2017. Current property owners are expected to pay $40,797 in taxes per year. The property on 1005-1009 5th Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $352,799. To break that down further, the land itself was valued at $47,134. While improvements to the property were assessed at a total of $305,665. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 84,793
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: CANTLIN & SHELDON EXECUTORS SU
  • Land Acres: 1.946
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: CANTLIN & SHELDON PT LT M-65 & PT LT M-66 & PT M-67 312900

Ownership

  • Current Owner : RENTCO LLC
  • Previous Owner : DARK LAND TRUST
  • Owner Before Previous Owner: LAST WILL AND TESTAMENT OF DONALD W KRUG
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Rock Falls Elementary School District 13
  • Census Tract: 001700

Geography

  • Account Number: 112494
  • District: 11
  • Parcel: 1133227054
  • Lot: M-65
  • Municipality: COLOMA
  • Latitude: 41.772
  • Longitude: -89.6918

    Address

  • Full Address: 1005-1009 5th Ave
  • Address - House Number: 1005-1009
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Rock Falls
  • Zip Code: 61071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $40,797
  • Tax Rate Code Area: 01110

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,125,000
  • First Open Lien Mortgage Lender: CENTRAL BANK ILLINOIS
  • First Open Lien Mortgage Recording Date: Oct 03, 2022
  • First Open Lien Mortgage Loan Amount: $1,125,000
  • First Open Lien Mortgage Term: 298
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 30, 2047

    Market Valuation

  • Market Total Value: $1,058,397
  • Market Land Value: $141,402
  • Market Improvement Value: $916,995

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $352,799
  • Assessed Land Value: $47,134
  • Assessed Improvements Value: $305,665

    Sales

  • Current Sale Contract Date: Sep 27, 2022
  • Current Sale Recording Date: Oct 03, 2022
  • Current Sale Transaction ID: 11897097349
  • Current Sale Price: $1,460,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 6005
  • Previous Sale Recording Date: Apr 19, 2017
  • Previous Sale Contract Date: Apr 17, 2017
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: Executor's Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTRAL BANK ILLINOIS
  • First Mortgage Transaction Date: Oct 03, 2022
  • First Mortgage Loan Amount: $1,125,000
  • First Mortgage Terms: 298
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 30, 2047

    Previous Mortgages

  • Previous Mortgage Lender: THE HARVARD STATE BANK
  • Previous Mortgage Transaction Date: Apr 19, 2017
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $850,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: May 01, 2037

About Rock Falls



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1005-1009 5th Avenue located in?
The 1005-1009 5th Avenue is a located in the neighborhood of Coloma in Rock Falls, Rock Falls.
What is the average sales price for listings in 1005-1009 5th Avenue?
The average sales price for units in 1005-1009 5th Avenue is $0 currently.

Quantcast